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HomeminewsTermination of Balenciaga License Agreement

Termination of Balenciaga License Agreement

Safilo Group announce today (1 Feb 2012) that the license agreement for the design, production and distribution of Balenciaga sunglasses and prescription eyewear collections will not be renewed beyond the agreed expiration date of December 31, 2012.

Safilo in fact continues to implement the rationalization strategy of its portfolio of licensed brands, focusing resources, investments and know-how only on those brands which are relevant in the eyewear sector or haveimportant growth opportunities.

Safilo’s sales through the Balenciaga license were approximately Euro 3 million in 2011.

For further information www.safilo.com